267 W Ofarrell Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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267 W Ofarrell Street
San Pedro, California 90731
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,630Sq Ft
4,950Lot Size
Property Price
LIST PRICE$960,000
EST. MARKET VALUE
$960,000
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at $960,000—positioned well below the $1,102,134 Fair Market Value by 12%. This valuation gap offers $142,134 in Instant Equity. With a Condition Rating of 3, the property features recent exterior stucco, copper plumbing, and a vacant unit ready for immediate lease-up. Its proximity to the LA Waterfront and strong rental demand make this a stable asset for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the vacant unit for an owner-user strategy.
Estimated Market Value
$960,000
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 267 W Ofarrell Street Subject 0 bd · 0 ba · 2,630 sqft · $365 | $960,000* List Price | 0 | 0 | 2,630 | $365 | - |
A 981 W Oliver Street Sold 6 bd · 3 ba · 2,251 sqft · $404 · 0.9 mi | $910,000 | 6 | 3 | 2,251 | $404 | 0.9 mi |
B 981 W Upland Sold 0 bd · 0 ba · 1,585 sqft · $457 · 0.9 mi | $725,000 | 0 | 0 | 1,585 | $457 | 0.9 mi |
C 981 W Upland Sold 4 bd · 2 ba · 1,585 sqft · $457 · 0.9 mi | $725,000 | 4 | 2 | 1,585 | $457 | 0.9 mi |
D 564 W Macarthur Active 0 bd · 0 ba · 2,835 sqft · $404 · 0.5 mi | $1,145,000 List Price | 0 | 0 | 2,835 | $404 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Three of the four units are fully renovated and the exterior stucco was updated in 2021 (within 5 years). The property features upgraded systems including copper plumbing and dual-pane windows. It is well-maintained and move-in ready, though the presence of one unrenovated unit and the 1928 original build date keeps it from an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income Upside
With one renovated unit delivered vacant, investors can immediately secure market-rate rent or utilize the space for an owner-user opportunity, maximizing initial cash flow.
- Significant Capital Improvements
The property boasts major upgrades including 2021 exterior stucco, copper plumbing, and dual-pane windows, significantly reducing the need for near-term capital expenditures.
- Strategic Waterfront Proximity
Located minutes from the massive LA Waterfront and Ports O' Call redevelopment projects, the property is perfectly positioned to benefit from long-term neighborhood appreciation and high tenant demand.
CONSRISKS & DEFICIENCIES
- Rent Control Limitations
One unit is occupied by a long-term RSO tenant at significantly below-market rent ($997), which restricts the property's immediate total gross income potential.
- Vintage Infrastructure Risks
Despite recent renovations, the 1928 construction date implies that certain original structural elements or systems may require more frequent monitoring and maintenance compared to modern builds.
About 267 W Ofarrell Street
Well-maintained 4-unit investment opportunity in a rapidly appreciating area of San Pedro, featuring 4 spacious 1-bedroom/1-bath units. Current rents are $1,874, $1,895, $997, & $1,850, generating $6,616 per month and $79,392 annually. Priced at 12 GRM, this property offers the best income value on the market, with additional rental upside. >>Major improvements include full renovations of three units, exterior stucco completed in 2021, copper plumbing, dual-pane windows, and individual water shutoff valves. Each unit is separately metered for gas and electricity, and tenants pay for trash, gas, and electricity, helping reduce the owner’s operating expenses. Ideally located minutes from the LA Waterfront, Downtown San Pedro, Cabrillo Marina, the West Harbor redevelopment, and major transportation corridors. An excellent opportunity for a new or experienced investor seeking strong current income, significant improvements, and future upside.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1928
- Lot Size
- 4,950 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Barton Hill Elementary School
Grades K-6 • 0.3 mi
2/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.9 mi
3/10
Bandini Street Elementary School
Grades K-6 • 0.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,630 | 2,591.526 |
| Lot Size | 4,950 | 5,309.842 |
| Price | $960.0K | $912.4K |
| Price per sq ft | $365 | $383 |
| Built year | 1928 | 1953 |
| HOA | $0 | $0 |
| Days on market | 82 | 78 |
Pricing History
Listed for Sale
Aug 4, 2026
$960,000
Initial Listing
Sold
Apr 1, 1999
$125,000
Public Record